SHA:600528 Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	27,490	27,350	28,768	29,830	28,496	26,976
Other Revenue	340.08	340.08	235.22	236.98	320.88	181.23
Revenue	27,830	27,690	29,003	30,067	28,817	27,157
Revenue Growth (YoY)	-1.39%	-4.53%	-3.54%	4.34%	6.11%	11.80%
Cost of Revenue	22,624	22,513	23,463	24,350	23,615	22,274
Gross Profit	5,207	5,178	5,540	5,717	5,202	4,883
Selling, General & Admin	1,902	1,876	1,957	2,013	1,702	1,550
Research & Development	1,697	1,731	1,789	1,668	1,537	1,397
Other Operating Expenses	103.6	104.79	-18.57	76.6	153.39	147.31
Operating Expenses	3,707	3,716	3,777	3,842	3,470	3,135
Operating Income	1,499	1,462	1,764	1,874	1,732	1,748
Interest Expense	-48.05	-48.05	-42.9	-19.64	-20.57	-20.32
Interest & Investment Income	48.67	48.66	64.33	92.09	151.06	116.63
Currency Exchange Gain (Loss)	-13.69	-13.69	-19.45	-30.86	11.52	37.32
Other Non Operating Income (Expenses)	-24.55	7.58	-22.79	-109.08	-34.18	-20.21
EBT Excluding Unusual Items	1,461	1,456	1,743	1,807	1,840	1,862
Gain (Loss) on Sale of Investments	-31.77	-31.77	-24.06	-79.1	-	-
Gain (Loss) on Sale of Assets	3.03	4.08	-1.12	8.76	43.36	81.29
Asset Writedown	-27.25	-27.57	-2.57	-4.66	-0.6	-1.05
Other Unusual Items	109.01	109.01	148.99	169.6	193.62	137.34
Pretax Income	1,514	1,510	1,864	1,902	2,079	2,080
Income Tax Expense	188.61	184.82	131.34	138.37	187.72	221.17
Earnings From Continuing Operations	1,326	1,325	1,733	1,763	1,892	1,859
Minority Interest in Earnings	42.01	41.48	37.05	-19.36	-16.11	-2.22
Net Income	1,368	1,367	1,770	1,744	1,876	1,856
Preferred Dividends & Other Adjustments	64.76	64.76	85.17	110.64	115.75	121.68
Net Income to Common	1,303	1,302	1,685	1,633	1,760	1,735
Net Income Growth	-15.57%	-22.78%	1.50%	-7.03%	1.04%	1.66%
Shares Outstanding (Basic)	2,209	2,207	2,217	2,207	2,222	2,222
Shares Outstanding (Diluted)	2,209	2,207	2,217	2,207	2,222	2,222
Shares Change (YoY)	0.41%	-0.45%	0.45%	-0.66%	-	-
EPS (Basic)	0.59	0.59	0.76	0.74	0.79	0.78
EPS (Diluted)	0.59	0.59	0.76	0.74	0.79	0.78
EPS Growth	-15.45%	-22.37%	2.70%	-6.33%	1.28%	-1.27%
Free Cash Flow	1,861	217.87	55.3	-556.97	383.29	-80.81
Free Cash Flow Per Share	0.84	0.10	0.03	-0.25	0.17	-0.04
Dividend Per Share	0.090	0.090	0.010	0.101	0.146	0.145
Dividend Growth	771.62%	771.62%	-89.77%	-30.62%	0.69%	2.84%
Gross Margin	18.71%	18.70%	19.10%	19.01%	18.05%	17.98%
Operating Margin	5.39%	5.28%	6.08%	6.23%	6.01%	6.44%
Profit Margin	4.68%	4.70%	5.81%	5.43%	6.11%	6.39%
Free Cash Flow Margin	6.69%	0.79%	0.19%	-1.85%	1.33%	-0.30%
EBITDA	2,201	2,147	2,383	2,511	2,383	2,341
EBITDA Margin	7.91%	7.75%	8.22%	8.35%	8.27%	8.62%
D&A For EBITDA	701.41	685.02	619.46	636.39	651.07	592.73
EBIT	1,499	1,462	1,764	1,874	1,732	1,748
EBIT Margin	5.39%	5.28%	6.08%	6.23%	6.01%	6.44%
Effective Tax Rate	12.45%	12.24%	7.04%	7.28%	9.03%	10.63%
Revenue as Reported	27,690	27,690	29,003	30,067	-	-
Advertising Expenses	-	11	11.6	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.